If you’re a fan of DreamsRecycled, chances are you’ve utilized its marketplace to sell old or unwanted jewelry to fund the next stage of your life – be it starting a new business, buying a new home or upgrading to a new car. And while there may be plenty of tutorials on how to value diamond jewelry and precious metals, selling your old pearls is an entirely different beast. Unfortunately, we at The Pearl Source all too often see precious pearl pieces being sold well under market value, or even purchased above market value. So whether you’re interested in buying or selling, don’t sell yourself short!
When it comes to buying or selling pre-owned pearl jewelry, getting your money’s worth is always a top priority. For the average person, it is difficult to determine the value of such precious gems. Pearls come in all shapes, sizes and colors, each with a value of its own. Pearls can range in price from $50 to $50,000. For this reason, it is imperative that when buying or selling pre-owned pearl jewelry you have the appropriate information regarding your pearls.
The first step to selling your pre-owned pearls would be to accurately determine the size, quality, length (if applicable) and type of pearls you have. The most reliable way to do so would be to have them appraised by a certified gemologist. The gemologist will inspect the item and determine the value based on their findings. If ever you are not satisfied with the results of your appraisal, it is highly recommended you get a second opinion, since there is no universal grading system for pearls and each gemologist may have a different opinion.
Buying pre-owned pearls can be a challenge as well. One always wants to be sure they are purchasing genuine pearls at their best value. Some of the best places to buy pre-owned pearls are estate sales, websites (like DreamsRecycled), or your local jewelry mart. It is not recommended to purchase pre-owned pearl jewelry from local jewelry stores since the markup on the jewelry will be much higher than most other places.
With all the different options available on the market today, buying and selling pre-owned pearl jewelry has become easier than ever. The most important thing to do before doing either though, is determining the value of the pearls you are dealing with. Whether it is a classic pearl necklace, bracelet, or a simple pair of pearl earrings you are dealing with, such gems are too precious to be undervalued.
Leon Rbibo, President of The Pearl Source